Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

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ServiceNow Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable
Accrued expenses and other current liabilities
Current portion of deferred revenue
Current portion of operating lease liabilities
Current debt, net
Current liabilities
Deferred revenue, less current portion
Operating lease liabilities, less current portion
Long-term debt, net, less current portion
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.001 par value; no shares issued or outstanding
Common stock, $0.001 par value
Treasury stock, at cost
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Liabilities Trends
The total liabilities experienced a steady increase over the observed period, rising from approximately $3.9 billion in March 2020 to over $10.8 billion by March 2025. Current liabilities showed fluctuations but overall growth, peaking around $8.4 billion in March 2025 from around $2.7 billion in March 2020. The current portion of deferred revenue steadily increased, reflecting growing deferred income liabilities corresponding to future service obligations. Long-term liabilities also rose from about $1.2 billion to $2.6 billion, indicating expanded long-term obligations and financing activities.
Accounts Payable and Accrued Expenses
Accounts payable demonstrated volatility but with an overall upward trend, particularly sharp increases in periods such as mid-2022 and mid-2024, possibly indicating increased supplier financing or payment deferral. Accrued expenses and other current liabilities similarly increased over time, with substantial spikes toward late 2021 and thereafter, suggesting growing operational expenses or accrued obligations.
Debt Composition
Current debt, where reported, exhibited limited and inconsistent values, suggesting minimal short-term borrowings in comparison to long-term obligations. Long-term debt, net of current portions, remained relatively stable at roughly $1.5 billion from mid-2020 onward, indicating consistent long-term financing levels with little increase.
Deferred Revenue and Lease Liabilities
Deferred revenue (both current and non-current portions) consistently increased, highlighting expanding prepaid service contracts and customer payments in advance. Current deferred revenue more than tripled from about $2.2 billion in March 2020 to nearly $6.7 billion by early 2025. Operating lease liabilities also increased moderately, reflecting either growth in leased assets or revised leasing arrangements.
Stockholders’ Equity and Capital
Stockholders' equity exhibited strong growth, more than quadrupling from $2.3 billion to over $10.1 billion, driven primarily by retained earnings and increasing additional paid-in capital. Retained earnings shifted from a deficit position near -$304 million in early 2020 to a positive balance exceeding $3.9 billion by the end of the period, indicating sustained profitability and earnings retention. Additional paid-in capital consistently rose, suggesting ongoing capital raises or equity issuance. Treasury stock increased in absolute value, reflecting significant share repurchases or stock buybacks starting mid-2022.
Comprehensive Income and Other Items
Accumulated other comprehensive income showed considerable fluctuations but generally remained negative or near zero in later years, indicating unrealized losses or valuation adjustments on items such as foreign currency or marketable securities.
Overall Financial Position
The overall financial position strengthened considerably, with total assets and corresponding total liabilities and stockholders’ equity growing notably, suggesting expansion in business operations and enhanced capital resources. The simultaneous increase in deferred revenue and liabilities points to a growing customer base and contractual revenue backlog. Equity growth, supported by earnings retention and capital injections, reflects healthy financial performance and investor confidence throughout the period.